Justice Ian Gault, in his ruling, mentioned the corporate had failed to tell the market of fabric developments in a well timed method. This included its pressing want to lift NZ$100 million in reserves and actions taken by the Central Financial institution of Eire to limit its operations. The end result, he concluded, was that traders have been “denied well timed entry to materials data and continued to commerce, uninformed, for an prolonged interval of greater than 5 months”.
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